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Proof-of-Work (PoW) is the Only Way to Prevent Corruption

Bitcoin builds the blockchain with a consensus mechanism called Proof-of-Work (PoW). The primary purpose of PoW is to implement a distributed timestamp server, which consists of a network of nodes competing and agreeing with each...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
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Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

Published inPART 5: Science, Economics, Law and Ethics of Bitcoin